NEW DELHI: Zopo is planning to set up its own manufacturing plant in Noida by the end of this year with an initial investment of about Rs 100 crore, as the Chinese smartphone maker looks to enhance its presence in the high growth India market.

Zopo has also roped in Advantage Computers (ADCOM), domestic handset maker, as its national distributor for smartphones.

"Zopo will come up with its own manufacturing unit by the end of this year. The facility will have a production capacity of 2 lakh units per month," ADCOM's Managing Director Sanjeev Bhatia, told ET.

Bhatia said that the upcoming plant will also cater demand for Zopo smartphones in neighboring markets such as Bangladesh, Sri Lanka, Pakistan and Nepal. "We will invest about Rs 50 crore per annum for branding for Zopo devices," Bhatia said.

Zopo, which is selling its smartphones since last 36 months in India, is now looking to sell 1 lakh units per month. It is currently selling around 25,000 smartphones a month in India.

The company has also launched its flagship smartphone, Speed 8, with 10 core processor chipset-- highest number of cores in any smartphone launched in India till date, for Rs 29,999 a unit.

Zopo brand manager Charles Bird said that India will be one of the major markets for the handset maker in coming time. "Outside China, we have good presence in European markets such as Spain, France and Germany. We are also present in Middle East and other South East Asian countries," he added.

Bird said that Zopo will launch more smartphones in coming months.

Zopo currently has a portfolio of ten smartphones priced between Rs 6,000 and Rs 29,999. "We expect around 60% our total sales to come from smartphones priced under Rs 10,000." he said.

ADCOM currently sells around 100,000 own branded handsets in India with 10-15% being smartphones. It has its own manufacturing facility in Delhi's Kirti Nagar, which has two assembly lines.

"We closed the last year at Rs 100 crore for the ADCOM brand. We are targeting Rs 200 crore by the end of this fiscal," Bhatia said.